St. Kitts and Nevis: 2006 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion (IMF Country Report No. 07/141)

IMF 2006 Article IV staff report on St Kitts and Nevis (CR 07/141): sugar closure context (losses 3-4% of GDP, 9,300 acres, about 1,400 workers or 6% of labour force, SSMC debt 29% of GDP), Box 1 on closure costs (severance EC$27.4 million for 1,406 workers, EC$22.5 million paid in 2005; 30-year bond; 4,700 acres collateral; sugar exports 2.5% of GDP 2000-04; 317 former workers unemployed in mid-2006), EU aid EUR 1.3 billion, Table 4 SSMC debt 2001-05, Table 5 sugar exports 2001-05. No CBI content (the 2006 report does not mention the programme). Adds the EC$22.5 million paid in 2005; all other sugar numbers that fit an indicator were already recorded. Not recorded (no indicator, not programme numbers): severance as a share of GDP (2% 2005, 0.5% 2006, 2.3% of 2005 GDP), land acreages, interest cost of the SSMC debt (1.5% of GDP), 317 unemployed former workers, macro tables.